Submersible pumps enter the Australian market with zero tariff

In the first week of the New Year, the Raoping Entry-Exit Inspection and Quarantine Bureau issued the first batch of China-Australia FTA preferential certificates of origin. The export of aquarium fish tank submersible pumps with a value value of US$101,400 in Australia for the two jurisdictions was exempted from a tariff of approximately RMB 30,000.

The China-Korea, China-Australia Free Trade Agreement came into effect on December 20, 2015. After exporting products to South Korea and Australia, the products can be vouched for preferential tariff reductions for importing countries. Australia's 91.6% of China's original products are immediately subject to zero tariffs, and promises to reduce all taxes to zero within five years. This is for the export of products. Businesses in the above countries are a major plus.

In order to enable local exporting companies to successfully apply for China-South Korea and China-Australia FTA certificates, the Bureau has launched one-on-one door-to-door assistance services to carry out policy publicity and business training. At the same time, it has promoted the registration and paperless visas of companies that optimize certificate of origin. , cancel the annual review and other reforms, improve the efficiency of review, greatly shorten the visa time, reduce business costs, improve product international competitiveness.

More vacuum pump information is available at China Vacuum Pump Trading Network (/).

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